Request Sample Inquiry
Specialty Food Ingredients Market

Specialty Food Ingredients Market

Specialty Food Ingredients Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

145

Base Year:

2021

Date

Sep - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1836

Segments Covered
  • By Types Acidulants, Colors, Enzymes, Emulsifiers, Food Flavors, F&B Starter Cultures, Preservatives, Functional Food Ingredients, Specialty Starch, Sugar Substitutes
  • By Applications Beverages, Food
  • By Distribution Channels Manufacturers, Distributors
  • By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 145.2 Billion
Revenue 2028Revenue 2028: USD 200.2 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 5.5%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Specialty Food Ingredients Market Share

Market Synopsis:

The Global Specialty Food Ingredients Market was valued at USD 145.2 Billion in 2021 and is projected to reach a value of USD 200.2 Billion by 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 5.5% over the forecast period.

Specialty ingredients are compounds added to various foods to improve their nutritional and practical uses. Additionally, they improve taste, texture, appearance, and health profiles while extending shelf life and reducing food waste. A few commonly used Specialty Food Ingredients are Colors, Cultures, Emulsifiers, Enzymes, Proteins, Preservatives, Flavor Enhancers, High-Intensity Sweeteners, Acidulants, Ph Salts, Botanicals & Bioactive, Fats & Oils, Polysaccharides & Oligosaccharides, Vitamins, and Minerals to name a few. Today, there is an increase in the use of specialty food components worldwide because of the rising demand for energy drinks due to the popularity of sports and fitness activities like aerobics and yoga. In addition, the consumption of ready-to-eat (RTE) food items, which require little preparation and cooking time, is encouraged by rapid urbanization, hectic lifestyles, rising disposable incomes, and the growing tendency of nuclear families. This trend is one of the primary drivers of market expansion.

Specialty Food Ingredients Market Size, 2021 To 2028 (USD Billion)

Additionally, the growing emphasis on health and wellness is fueled by the need for natural, plant-based Specialty Food Ingredients to create high-quality, multipurpose products. To build a green brand image, some manufacturers deliver cutting-edge products with clean-label ingredients, boosting market growth. Additionally, they are concentrating on adopting cutting-edge process technologies to boost scent and flavor, cover up offensive odors and taste defects, and enhance the quality of finished products, all of which are expected to have a favorable market impact.

Market Segmentation:

The Specialty Food Ingredients market is segmented based on Types, Applications, Distribution Channels, and Region. Based on the Types, the market can be further segmented into Acidulants, Colors, Enzymes, Emulsifiers, Food Flavors, F&B Starter Cultures, Preservatives, Functional Food Ingredients, Specialty Starch, and Sugar Substitutes. Furthermore, based on the Applications, the market is further bifurcated into Beverages and Food. In addition, based on the Distribution Channel, the market can be further bifurcated into Manufacturers and Distributors.

Below tree is interactive. You can click the nodes to get more information.

Based on Types:

The Enzymes category dominated the market in 2021 and is expected to be most affected by the Enzyme category in the forecast period, which is the main player. The main applications of Enzymes in the food industry include the stabilization and clarification of beverages, acceleration of the ripening of meat and dairy products, expansion of bread loaves, improvement of product quality and output, modification of fats, and tenderization of meats. The food industry is continually looking for novel and creative ingredients to make products of the greatest quality while maximizing production processes, costs, and quality.

Based on Applications:

The Food category dominated the market in 2021 and is expected to continue its dominance in the forecast period. In addition, the need for Specialty Food Ingredients is projected to increase due to shifting consumer lifestyles and eating tastes, which have contributed to the expansion of the processed food production industry.

Asia Pacific is projected to grow at the highest CAGR during the forecast period

The Asia Pacific is forecast to grow rapidly and is accounted to grow at the highest Compound Annual Growth Rate (CAGR) during the forecast period. This growth results from ongoing Research and Development (R&D) by the important primary actors for different food flavors, ingredients, and food technology. The region's growing urban population and changing lifestyles promote the acceptance of processed and packaged foods. The demand for healthy packaged foods and beverages is increasing due to the world's expanding population, fueling the development of specialty food ingredients. The producers are taking advantage of this potential by making packaged and processed food products available on the market. Therefore, the global market for Specialty Food Ingredients is anticipated to have a beneficial impact.

Recent Developments:

  • In 2021, there was a merger between International Flavors & Fragrances and DuPont's Nutrition & Biosciences Business. After the merger with the merged portfolio, the company is anticipated to hold leadership positions in high-value ingredients and solutions for the Food & Beverage, Home & Personal Care, and Health & Wellness markets.
  • In 2020, for the European market, Cargill Inc. introduced CTruSweet 01795, a specialized and label-friendly sweetener that reduces calories and sugar by 30% in beverages and other food applications.

Competitive Landscape:

The key players in the Global Specialty Food Ingredients Market include- Cargill Incorporated (US), ADM (US), DuPont (US), Ingredion (US), Kerry Group (Ireland), DSM (Netherlands), Chr. Hansen (Denmark), Sensient technology corporation (US), Tate & Lyle (UK), Givaudan (Switzerland), Biocatalysts (UK), Omega Protein (US), Enzyme Supplies (UK), FDL Ltd (UK), Nutriati (US), Crespel & Dieters (Germany), Axiom Food (US), Amano Enzymes (Japan), Amco Proteins (US), Aminola (Netherlands) and others.

Segmentation of the Global Specialty Food Ingredients Market:

Parameter Details
Segments Covered
  • Types (Acidulants, Colors, Enzymes, Emulsifiers, Food Flavors, F&B Starter Cultures, Preservatives, Functional Food Ingredients, Specialty Starch, Sugar Substitutes)
  • Applications (Beverages, Food)
  • Distribution Channels (Manufacturers, Distributors)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Cargill Incorporated (US)
  • ADM (US)
  • DuPont (US)
  • Ingredion (US)
  • Kerry Group (Ireland)
  • DSM (Netherlands)
  • Chr. Hansen (Denmark)
  • Sensient technology corporation (US)
  • Tate & Lyle (UK)
  • Givaudan (Switzerland)
  • Biocatalysts (UK)
  • Omega Protein (US)
  • Enzyme Supplies (UK)
  • FDL Ltd (UK)
  • Nutriati (US)
  • Crespel & Dieters (Germany)
  • Axiom Food (US)
  • Amano Enzymes (Japan)
  • Amco Proteins (US)
  • Aminola (Netherlands)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Specialty Food Ingredients Market to Reach Valuation of USD 200.2 Billion By 2028 – Rising Health Awareness There Is Increasing Trend in Consumption of Fortified Food Drives the Market
In terms of revenue, the Global Specialty Food Ingredients Market is expected to reach USD 200.2 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 5.5% from 2022 to 2028. Specialty ingredients play a crucial role in the safety of many processed foods. Various macronutrients, incl...
FAQ
Frequently Asked Question
  • The global Specialty Food Ingredients valued at USD 145.2 Billion in 2020 and is expected to reach USD 200.2 Billion in 2028 growing at a CAGR of 5.5%.

  • The prominent players in the market are Cargill Incorporated (US), ADM (US), DuPont (US), Ingredion (US), Kerry Group (Ireland), DSM (Netherlands), Chr. Hansen (Denmark), Sensient technology corporation (US), Tate & Lyle (UK), Givaudan (Switzerland), Biocatalysts (UK), Omega Protein (US), Enzyme Supplies (UK), FDL Ltd (UK), Nutriati (US), Crespel & Dieters (Germany), Axiom Food (US), Amano Enzymes (Japan), Amco Proteins (US), Aminola (Netherlands).

  • The market is project to grow at a CAGR of 5.5% between 2021 and 2028.

  • The driving factors of the Specialty Food Ingredients include

    • Growth in demand for fortified food owing to rising health awareness

  • North America was the leading regional segment of the Specialty Food Ingredients in 2020.